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Japan core machinery orders jump in positive sign for economy TOKYO: Japan's core machinery orders rose in December at the fastest pace in six months, and companies expect orders to increase in the current quarter in an positive sign that business investment will underpin a firm recovery for the recession-hit economy.The encouraging data is a welcome relief for the Bank of Japan at a time of considerable uncertainty in the global economy, with plunging oil prices and rising deflationary pressures prompting a wave of monetary easings around the world.The 8.3 percent month-on-month gain in core machinery orders, a highly volatile data series regarded as a leading indicator of capital spending in the coming six to nine months, blew past the median estimate for a 2.4 percent increase.The strength of the data was further burnished by a survey from the Cabinet Office showing companies also expect orders to rise 1.5 percent in January-March, stepping up from a 0.4 percent quarterly increase ...

China's aluminium tug-of-war to repeat in 2015 LAUNCESTON: Anybody looking at China's vast aluminium sector may be struck by a sense of deja vu, as the issues of last year appear set for a repeat performance in 2015.The sector is still plagued by overcapacity and poor profitability, but perhaps the biggest concern is the apparent lack of any willingness to deal with the issues.China produced about 27.5 million tonnes of aluminium last year, according to consultants AZ China, a figure above the ...
Palm oil touches near 1-week low, export demand in focus KUALA LUMPUR: Malaysian palm oil futures edged down on Wednesday to a near one-week low as concerns over waning demand from key customers turned investors wary, although official data showing smaller stockpiles in the No.2 grower provided some support.Industry regulator the Malaysian Palm Oil Board reported that palm inventories in Malaysia tightened to their lowest in six months at 1.77 million tonnes, after monsoon flooding made worse the impact of a seasonal decline in yields.But ...
LME aluminium to fall more to $1,816 per tonne SINGAPORE: LME aluminium is expected to fall more to $1,816 per tonne, as it has broken a support at $1,853.The support was provided by the 38.2 percent Fibonacci retracement on the fall from the December 5, 2014 high of $2,008 to the January. 14 low of $1,757. The next support will be at $1,816, the 23.6 percent level.The depth and the duration of the fall from the February 3 high of $1,898 indicates a completion ...
China January cotton imports hit 161,200 tonnes, down 44.9pc BEIJING: China imported 161,200 tonnes of cotton in January, down 44.9 percent on the same month last year, the China Cotton Association said citing customs figures.The world's top cotton consumer has imported 722,600 tonnes of the fibre in the first five months of the 2014/15 season, a drop of 49 percent, it added.Demand has plunged on fewer import quotas available in the market and much weaker domestic prices compared with last year.Copyright Reuters, 2015 ...
Wheat eases for 2nd day on higher supply outlook SINGAPORE: Chicago wheat futures fell for a second session on Wednesday, under pressure from a bigger-than-expected supply forecast by the US Department of Agriculture and a lack of demand.Soybeans were largely unchanged after dropping almost 1 percent in the previous session, while corn futures continued to struggle in the face of ample world supplies.Chicago Board Of Trade March wheat fell 0.4 percent to $5.19-3/4 a bushel by 0223 GMT, having closed down 1.5 percent on ...
Petrobras CEO says has 'full autonomy', questions graft loss RIO DE JANEIRO: The new chief executive officer of Brazil's Petrobras said on Tuesday that he has full autonomy to dictate its own fuel-pricing policy and protect cash, even as he questioned the size of losses stemming from a giant corruption scandal.In his first public statements since he was named CEO on Friday, Aldemir Bendine said no decision had been taken on whether Petroleo Brasileiro SA, as the company is formally known, will book 88.6 ...


Index Closing Chg%
Arrow DJIA 18,214.42 0.06
Arrow Nasdaq 4,987.89 0.42
Arrow S&P 2,110.74 0.15
Arrow FTSE 6,949.73 0.21
Arrow DAX 11,327.19 1.04
Arrow CAC-40 4,910.62 0.58
Arrow Nikkei 18,785.79 1.08
Arrow H.Seng 24,902.06 0.50
Arrow Sensex 28,746.65 0.90

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln